Wintrust Financial Co. (NASDAQ:WTFC) COO Sells $1,789,016.16 in Stock

Wintrust Financial Co. (NASDAQ:WTFC - Get Free Report) COO David A. Dykstra sold 15,492 shares of the business's stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the sale, the chief operating officer now owns 197,591 shares in the company, valued at $22,817,808.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Wintrust Financial Trading Down 0.3 %

Shares of Wintrust Financial stock traded down $0.37 during mid-day trading on Tuesday, hitting $115.69. 408,100 shares of the stock were exchanged, compared to its average volume of 383,748. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of 12.15 and a beta of 1.16. Wintrust Financial Co. has a twelve month low of $73.02 and a twelve month high of $117.77. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73. The company has a 50-day simple moving average of $107.96 and a 200 day simple moving average of $102.48.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.50 by ($0.03). The firm had revenue of $615.73 million for the quarter, compared to analyst estimates of $623.45 million. Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The firm's revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.53 EPS. Research analysts forecast that Wintrust Financial Co. will post 10.13 EPS for the current year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be paid a $0.45 dividend. The ex-dividend date is Thursday, November 7th. This represents a $1.80 annualized dividend and a yield of 1.56%. Wintrust Financial's payout ratio is currently 18.85%.

Analysts Set New Price Targets

A number of research firms recently commented on WTFC. Wedbush reissued an "outperform" rating and set a $130.00 price objective on shares of Wintrust Financial in a report on Tuesday, October 22nd. Jefferies Financial Group lowered their price target on Wintrust Financial from $118.00 to $116.00 and set a "buy" rating on the stock in a report on Wednesday, July 3rd. Stephens reaffirmed an "overweight" rating and set a $115.00 price objective on shares of Wintrust Financial in a report on Thursday, July 18th. Royal Bank of Canada upped their target price on Wintrust Financial from $116.00 to $117.00 and gave the company an "outperform" rating in a report on Tuesday, July 9th. Finally, Truist Financial lifted their price target on Wintrust Financial from $123.00 to $127.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $123.00.

Hedge Funds Weigh In On Wintrust Financial

Large investors have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Wintrust Financial by 11.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank's stock valued at $85,000 after acquiring an additional 91 shares during the last quarter. Shaker Investments LLC OH increased its position in Wintrust Financial by 0.3% during the third quarter. Shaker Investments LLC OH now owns 28,928 shares of the bank's stock worth $3,140,000 after purchasing an additional 96 shares during the last quarter. US Bancorp DE raised its stake in Wintrust Financial by 0.5% during the third quarter. US Bancorp DE now owns 24,716 shares of the bank's stock worth $2,682,000 after purchasing an additional 126 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in shares of Wintrust Financial by 1.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 10,304 shares of the bank's stock valued at $1,016,000 after purchasing an additional 145 shares during the last quarter. Finally, Inspire Investing LLC grew its stake in shares of Wintrust Financial by 4.4% during the 2nd quarter. Inspire Investing LLC now owns 3,574 shares of the bank's stock valued at $352,000 after buying an additional 151 shares during the period. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

About Wintrust Financial

Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services.

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